AutoCanada Inc. (TSE:ACQ) Insider EdgePoint Investment Group Inc. Buys 2,400 Shares of Stock

AutoCanada Inc. (TSE:ACQ) insider EdgePoint Investment Group Inc. acquired 2,400 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was purchased at an average price of C$24.00 per share, with a total value of C$57,588.00.

EdgePoint Investment Group Inc. also recently made the following trade(s):

• On Tuesday, April 16th, EdgePoint Investment Group Inc. bought 1,400 shares of AutoCanada stock. The shares were bought at an average price of C$23.83 per share, with a total value of C$33,362.00.
• On Friday, April 12th, EdgePoint Investment Group Inc. bought 4,700 shares of AutoCanada stock. The shares were bought at an average price of C$23.75 per share, with a total value of C$111,604.79.
• On Tuesday, March 19th, EdgePoint Investment Group Inc. bought 21,200 shares of AutoCanada stock. The shares were bought at an average price of C$26.64 per share, with a total value of C$564,865.52.
• On Wednesday, March 13th, EdgePoint Investment Group Inc. bought 3,750 shares of AutoCanada stock. The shares were bought at an average price of C$23.92 per share, with a total value of C$89,694.38.

AutoCanada Trading Down 1.5 %

Shares of AutoCanada stock opened at C$23.91 on Thursday. The company has a market capitalization of C$564.52 million, a P/E ratio of 11.61, a P/E/G ratio of 0.30 and a beta of 2.60. The company has a debt-to-equity ratio of 396.08, a quick ratio of 0.25 and a current ratio of 1.04. The company has a fifty day moving average of C$23.73 and a 200 day moving average of C$22.52. AutoCanada Inc. has a fifty-two week low of C$15.14 and a fifty-two week high of C$27.54.

AutoCanada (TSE:ACQ) last issued its earnings results on Thursday, March 7th. The company reported C$0.69 earnings per share for the quarter, topping the consensus estimate of C$0.56 by C$0.13. The company had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.43 billion. AutoCanada had a net margin of 0.78% and a return on equity of 10.23%. On average, sell-side analysts anticipate that AutoCanada Inc. will post 3.0424469 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ACQ shares. Acumen Capital decreased their target price on shares of AutoCanada from C$33.00 to C$24.50 and set a “speculative buy” rating for the company in a research note on Friday, March 8th. National Bankshares cut their price objective on shares of AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating for the company in a research report on Friday, March 8th. Scotiabank boosted their price objective on shares of AutoCanada from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Canaccord Genuity Group cut their price objective on shares of AutoCanada from C$22.00 to C$20.00 and set a “hold” rating for the company in a research report on Friday, March 8th. Finally, CIBC boosted their price objective on shares of AutoCanada from C$22.00 to C$25.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$27.95.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.